20.223: Transportation Infrastructure Finance and Innovation Act (TIFIA) Program
Alternate Name: TIFIA Credit Program
Overview
Program Number
20.223
Status
Active
Last Modified
Aug. 11, 2022
Date Posted
Aug. 11, 2022
Objective
To finance projects of national or regional significance by filling market gaps and leveraging substantial non-Federal and private co-investment. Transportation Infrastructure Finance and Innovation Act (TIFIA) credit assistance is intended to facilitate the financing of projects that would otherwise have been significantly delayed because of funding limitations or difficulties accessing the capital markets. Through TIFIA, the DOT provides Federal credit assistance to eligible highway, transit, rail, and intermodal freight projects, including access to seaports.
The Fixing America’s Surface Transportation Act (FAST), enacted in December 2015, authorized the establishment of a Regional Infrastructure Accelerator Demonstration Program (the Program) to assist entities in developing improved infrastructure priorities and financing strategies for the accelerated development of a project that is eligible for funding under the TIFIA Program. The Build America Bureau issued a NOFO on December 8, 2020, to implement the Program.
Type of Assistance
E - Direct Loans
Applicant Eligibility
Public or private entities seeking to finance, design, construct, own, or operate an eligible surface transportation project may apply for TIFIA assistance. Examples of such entities include state departments of transportation; local governments; transit agencies; special authorities; special districts; railroad companies; and private firms or consortia that may include companies specializing in engineering, construction, materials, and/or the operation of transportation facilities.
Beneficiary Eligibility
Public or private entities seeking to finance, design, construct, own, or operate an eligible surface transportation project. Examples include state departments of transportation; local governments; transit agencies; special authorities; special districts; railroad companies; and private firms or consortia that may include companies specializing in engineering, construction, materials, and/or the operation of transportation facilities.
Additional Information
Federal Award Analysis
Transportation Infrastructure Finance and Innovation Act (TIFIA) Program grant spending
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Contracts
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Subcontracts
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Grants
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Subgrants
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Grant Awards
Transportation Infrastructure Finance and Innovation Act (TIFIA) Program direct grants
Grant Opportunities